Cerity Partners LLC Purchases 33,646 Shares of Prologis, Inc. $PLD

Cerity Partners LLC boosted its position in Prologis, Inc. (NYSE:PLD) by 14.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 264,441 shares of the real estate investment trust’s stock after acquiring an additional 33,646 shares during the quarter. Cerity Partners LLC’s holdings in Prologis were worth $33,759,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. High Point Wealth Management LLC bought a new position in Prologis in the fourth quarter valued at approximately $26,000. Ares Financial Consulting LLC bought a new position in Prologis in the fourth quarter valued at approximately $26,000. Eagle Bay Advisors LLC bought a new position in Prologis in the fourth quarter valued at approximately $27,000. SouthState Bank Corp increased its stake in Prologis by 73.1% in the fourth quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 95 shares during the last quarter. Finally, Hilton Head Capital Partners LLC bought a new position in Prologis in the fourth quarter valued at approximately $29,000. 93.50% of the stock is owned by institutional investors.

Prologis Stock Performance

Shares of Prologis stock opened at $146.02 on Thursday. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.60. Prologis, Inc. has a twelve month low of $103.41 and a twelve month high of $148.29. The stock has a market cap of $136.14 billion, a price-to-earnings ratio of 36.78, a P/E/G ratio of 3.24 and a beta of 1.32. The company’s fifty day moving average is $141.38 and its 200 day moving average is $135.27.

Prologis (NYSE:PLD) last issued its quarterly earnings data on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.24. Prologis had a net margin of 41.54% and a return on equity of 6.47%. The company had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.12 billion. During the same quarter in the previous year, the firm posted $1.43 earnings per share. Prologis’s revenue for the quarter was up 6.9% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. Sell-side analysts forecast that Prologis, Inc. will post 6.18 EPS for the current year.

Prologis Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be paid a $1.07 dividend. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $4.28 annualized dividend and a dividend yield of 2.9%. Prologis’s payout ratio is currently 107.81%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on PLD. BNP Paribas Exane boosted their target price on shares of Prologis from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Friday, April 17th. Citigroup boosted their target price on shares of Prologis from $145.00 to $165.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $157.00 target price on shares of Prologis in a research note on Friday, April 17th. Royal Bank Of Canada boosted their target price on shares of Prologis from $135.00 to $148.00 and gave the stock a “sector perform” rating in a research note on Tuesday, April 28th. Finally, BTIG Research reaffirmed a “buy” rating and set a $155.00 target price on shares of Prologis in a research note on Wednesday, April 15th. Sixteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $151.86.

About Prologis

Prologis, Inc is a real estate investment trust (REIT) specializing in logistics and distribution facilities. The company focuses on acquiring, developing, and managing high-quality industrial real estate assets that support supply chain infrastructure for third-party logistics providers, e-commerce businesses, retailers and manufacturers. Its portfolio primarily consists of warehouse and distribution centers designed to optimize goods movement and storage near key transportation hubs.

With a global presence, Prologis serves customers across the Americas, Europe and Asia Pacific.